BSE: 504180
STANDARD BATTERIES LTD.
Exited battery manufacturing in 1998 and is currently classified as a Non-Banking Financial Company (NBFC) under the Financial Services sector. Filings describe activities in trading and financial services, with steel products trading identified as the only business segment in FY26 results, though the H1 FY26 filing explicitly noted 'no business operation' during the period. Revenue from operations has been nil across recent quarters in FY26, with total income coming entirely from other income. The entity swung from a net profit of Rs 81.66 lakhs in FY25 to a net loss in FY26, while total equity declined from Rs 145.47 lakhs to Rs 95.81 lakhs over the same period. Operating cash flow turned negative, and cash and equivalents fell to Rs 6.63 lakhs. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Steel products trading, Financial services. Effectively dormant entity with no revenue from operations across recent quarters
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 1 | 0 |
| EBITDA (ex other income) | (1) | (5) | (1) | 1 | (1) |
| margin % | — | — | — | 59.9 | — |
| Owners' profit | (1) | (5) | (0) | 1 | (0) |
| EPS, as reported (₹) | (1.45) | (10.39) | (0.20) | 1.58 | (0.96) |
| ROE % · ROCE % | (12.4) · (11.7) | (781.7) · (781.5) | (7.8) · (7.8) | 56.2 · 56.2 | (51.8) · (51.8) |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (1) | (0) | 0 | (0) | (0) |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | (0) | (0) | (0) | (0) | (0) | (0) | (0) |
| Net profit | 1 | (0) | (0) | (0) | (0) | (0) | (0) | (0) |
| EPS (₹) | 2.35 | (0.40) | (0.29) | (0.56) | (0.26) | (0.27) | (0.17) | (0.26) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 5,70,768 | 28.1 | 4.88 | — | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 1,94,820 | 14.6 | 2.96 | — | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,31,798 | 22.8 | 4.33 | — | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,31,209 | 24.0 | 2.79 | — | 10.4 | — | — | 75.8 |
| MUTHOOT FINANCE LIMITED | 96,352 | 8.5 | 2.42 | — | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 50,202 | 22.1 | 3.19 | — | 13.8 | — | — | 33.1 |
| SUNDARAM FINANCE LTD | 43,766 | 19.6 | 2.94 | — | 13.8 | — | — | 78.4 |
| AUTHUM INVEST & INFRA LTD | 42,040 | 7.2 | 2.85 | — | 13.1 | — | — | 90.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 20.0 | 1.1 | 252 of 253 | 0% |
| ROCE | (51.8) | 2.0 | 56 of 59 | 5% |
| ROE | (51.8) | 3.1 | 250 of 257 | 3% |
| Debt / Equity | 0.0 | 0.0 | 1 of 53 | 58% |
| Revenue growth | (100.0) | 12.6 | 220 of 231 | 2% |
| Profit growth | 54.3 | 7.8 | 84 of 251 | 67% |
| Market cap | 19 | 34 | 169 of 268 | 37% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Routine compliance certificate for dematerialised securities for September 2026 quarter | compliance | minimal | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1, 2026 till Q2 results announcement | compliance | minimal | — | — |
| 4 Sept 2026 · Standard Batteries 79th AGM: All 3 Resolutions Passed Unanimously | board shareholder meetings | medium | — | — |
| 4 Sept 2026 · Standard Batteries 79th Adjourned AGM held, all resolutions passed | board shareholder meetings | low | — | — |
| 2 Sept 2026 · 79th AGM results - all 3 resolutions passed unanimously | board shareholder meetings | medium | — | — |
| 2 Sept 2026 · 79th AGM proceedings and voting results filed - all 3 resolutions passed unanimously | board shareholder meetings | low | — | — |
| 2 Sept 2026 · 79th AGM proceedings and voting results filed | board shareholder meetings | medium | — | — |
| 26 Aug 2026 · Standard Batteries publishes 79th AGM (Adjourned) notice and extended book closure | compliance | minimal | — | — |
| 25 Aug 2026 · Book closure extended for Standard Batteries 79th Adjourned AGM | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Book closure for 79th adjourned AGM from Aug 19 to Sep 1, 2026 | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.